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Bhutan partners with Binance to launch first tourism crypto payments
By: thestreet|2025/05/07 22:00:06
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Bhutan, the South Asian country located in the Himalayan region, has partnered with Binance Pay and the country's fully digital DK Bank to launch a national-level crypto payment system for tourism. The partnership marks the first time a tourism product has accepted cryptocurrency at a national level. Tourists can avail a range of tourism services, including flight and hotel tickets, visa and Sustainable Development Fee (SDF) fees, monument entry fees, and local shopping, using Binance Pay via static and dynamic QR code payments. More than 100 merchants in Bhutan are now live with Binance Pay and DK Bank. The service supports more than 100 cryptocurrencies, including Bitcoin , BNB , and USDC . The pioneering crypto payments system lets tourists avail themselves of a seamless and fully integrated travel experience system across immigration, stay, and shopping while in Bhutan. Binance CEO Richard Teng said, "We are excited to partner with Bhutan as we are not only advancing the use of cryptocurrencies in travel but also setting a precedent for how technology can bridge cultures and economies." “This is more than a payment solution — it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, Director of the Department of Tourism, Bhutan. “It enables a seamless experience for travellers and empowers even small vendors in remote villages to participate in the tourism economy.” Bhutan is a picturesque nation located amidst the Himalayas that offers tourists an opportunity to experience its rich natural beauty and unique cultural traditions. The country is also well-known for its dynamic crypto mining industry. It holds 12,062 BTC worth $1.17 billion at the time of writing.
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